Goldman's gold forecast
"We remains structurally bullish on gold, and still see upside risk to our 4,900/toz End-2026 forecast" Source: zerohedge
BREAKING: US national debt reaches new all-time high of $38 trillion.
Source: @CarlBMenger
Goldman on gold's Tuesday flush:
"The best answer we have for the largest % move in 10 years is (simply) positioning, and that we’ve rallied for 9 consecutive weeks. The ease of trading an ETF for quick exposure has been on full display; as of [Tuesday's] close $GLD accounted for 8% of all notional US-listed ETF volumes, its largest share of activity in our dataset. Flows on the ETF desks skewed (unsurprisingly) strongly better for sale today". Source: Neil Sethi
Banks warning about private credit quality while funding its growth:
Wells Fargo: $60B lent to private credit BofA: $33B PNC: $30B JPM: $22B Total: Nearly $300B Weird to raise alarms about "cockroaches" when you’re the one feeding them... Source: Bloomberg, junkbondinvestor
IBM’s post-earnings selloff wasn’t about the numbers — it was about the narrative.
On paper, the results were great: ✅ Revenue & earnings beat expectations ✅ Guidance raised ✅ Record free cash flow But in the AI era, “good” isn’t good enough. Investors wanted explosive AI-fueled growth. What they got was solid execution — and that’s not what the market is rewarding right now. This is the re-rating of expectations in real time. IBM is doing a lot right, but markets are chasing narrative velocity over operational discipline. Source: EndGame Macro @onechancefreedm
Google Searches for Dollar "Debasement" soar to highest level in history 🚨🚨🚨
Source: Barchart
OpenAI has reportedly hired over 100 former investment bankers from firms like Goldman Sachs, JPMorgan, and Morgan Stanley
“Project Mercury,” is a secret effort to train AI models to automate junior bankers’ grunt work. Participants are paid $150/hour to build financial models and write prompts for tasks like IPOs and restructurings, with the goal of teaching AI to replicate analysts’ workflows. Contractors submit one model per week and receive feedback before integration into OpenAI’s systems. Source: Wall St Engine @wallstengine
Bitwise says a 5% capital rotation from gold to Bitcoin could send BTC to $242,391
Source: Bitcoin Archive @BTC_Archive
